Culbertson A N & Co. Inc. Grows Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Culbertson A N & Co. Inc. grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 28,062 shares of the investment management company’s stock after acquiring an additional 50 shares during the quarter. The Goldman Sachs Group comprises approximately 2.6% of Culbertson A N & Co. Inc.’s holdings, making the stock its 5th largest holding. Culbertson A N & Co. Inc.’s holdings in The Goldman Sachs Group were worth $16,069,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Waddell & Associates LLC lifted its position in The Goldman Sachs Group by 2.1% in the third quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock worth $444,000 after buying an additional 18 shares during the last quarter. Wescott Financial Advisory Group LLC lifted its holdings in shares of The Goldman Sachs Group by 0.7% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock worth $1,346,000 after acquiring an additional 18 shares during the last quarter. Bank of New Hampshire boosted its stake in shares of The Goldman Sachs Group by 8.0% during the 4th quarter. Bank of New Hampshire now owns 243 shares of the investment management company’s stock worth $139,000 after purchasing an additional 18 shares during the period. First Pacific Financial grew its holdings in The Goldman Sachs Group by 0.6% during the 3rd quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock valued at $1,568,000 after purchasing an additional 20 shares during the last quarter. Finally, Krane Funds Advisors LLC raised its position in The Goldman Sachs Group by 1.7% in the 3rd quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company’s stock worth $583,000 after purchasing an additional 20 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John F.W. Rogers sold 6,416 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the transaction, the executive vice president now owns 57,614 shares in the company, valued at approximately $34,358,685.04. This trade represents a 10.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,940 shares of company stock valued at $12,656,179. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Trading Up 2.3 %

Shares of NYSE GS opened at $626.84 on Tuesday. The Goldman Sachs Group, Inc. has a 1-year low of $372.07 and a 1-year high of $627.00. The business has a fifty day moving average price of $587.22 and a 200 day moving average price of $530.73. The stock has a market capitalization of $196.77 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 0.90 and a beta of 1.38. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same period in the prior year, the firm posted $5.48 earnings per share. The company’s quarterly revenue was up 22.5% on a year-over-year basis. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 45.32 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.91%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GS shares. Barclays upped their target price on The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley increased their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Citigroup boosted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average price target of $589.19.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.